- Overview
- Description
- Property Details
- Location
- Getting Around
$1,795,000
36 Beds
-- Bath
12,500sqft
211 Tompkins St, Cortland, NY 13045
$1,795,000
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Multi Family
Built in 1994
$-- HOA
0.66 acre lot
$144/sq.ft
Description
Rare 13-unit apartment investment in Cortland, built 1994 - the newest multifamily property of scale in a market dominated by 1870s-1930s stock. That vintage advantage shows up directly in maintenance cost, financeability and per-unit positioning in a tight-credit tertiary market. Verified contract rent of $180,300 per year against verified operating expenses of $53,551 per year produces $126,749 of net operating income - a 7.06% capitalization rate at the $1,795,000 asking price, or roughly $143.60 per square foot and close to$138,000 per unit. Thirteen units in one building, 12,500 square feet on a 28,750 square foot (0.66-acre) city parcel with 89 feet of frontage, 20 ...
Continue Reading- Houzeo last checked: 44 minutes ago
- Listing updated: August 27, 2026 at 3:27 pm
- Listing Provided by: Matt Mastrangelo (856) 506-2722 DRE #10401342068 | Real Broker NY LLC (855) 450-0442
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: S1702937
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1994
HOA Fees
-
Finished Area
12,500 sqft
Lot Size
0.66 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
S1702937
MLS Status
Active
Days on Market
11
Cumulative Days on Market
7
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